Oil rises 2% on US-EU trade deal, Trump's shorter deadline for Russia

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.5%
• Feb 1, 2019Oil rises on strong US jobs data and falling rig count-1.4%
• Mar 31, 2023Oil Rises On Cooling US Inflation, Lower Global Supplies+8.8%
• Dec 14, 2023U.S. crude oil rises 3% on weaker dollar, slightly improved 2024 demand outlook+8.4%
• Apr 3, 2024BofA hikes 2024 oil forecasts on tighter supply, geopolitical risks | Reuters+2.8%

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Apr 12, 2023Oil rises 2% on lower-than-expected US inflation data | Reuters-0.8%
• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.6%
• Feb 1, 2019Oil rises on strong US jobs data and falling rig count-2.1%
• Mar 31, 2023Oil Rises On Cooling US Inflation, Lower Global Supplies+8.6%
• Mar 20, 2026Sterling dips as oil rises, still set for weekly gain on hawkish BoE | Reuters-0.5%